20 USC 7221j: Authorization of appropriations

20 USC 7221j: Authorization of appropriations Text contains those laws in effect on January 7, 2011

From Title 20-EDUCATIONCHAPTER 70-STRENGTHENING AND IMPROVEMENT OF ELEMENTARY AND SECONDARY SCHOOLSSUBCHAPTER V-PROMOTING INFORMED PARENTAL CHOICE AND INNOVATIVE PROGRAMSPart B-Public Charter Schoolssubpart 1-charter school programs

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§7221j. Authorization of appropriations

(a) In general

There are authorized to be appropriated to carry out this subpart $300,000,000 for fiscal year 2002 and such sums as may be necessary for each of the 5 succeeding fiscal years.

(b) Reservation

From the amount appropriated under subsection (a) of this section for each fiscal year, the Secretary shall reserve-

(1) $200,000,000 to carry out this subpart, other than section 7221d(b) of this title; and

(2) any funds in excess of $200,000,000, that do not exceed $300,000,000, to carry out section 7221d(b) of this title; and

(3)(A) 50 percent of any funds in excess of $300,000,000 to carry out this subpart, other than section 7221d(b) of this title; and

(B) 50 percent of any funds in excess of $300,000,000 to carry out section 7221d(b) of this title.

(Pub. L. 89–10, title V, §5211, as added Pub. L. 107–110, title V, §501, Jan. 8, 2002, 115 Stat. 1799 .)